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Australian shares rise as retail spending weakens

Summary by Ground News
The benchmark S&P/ASX200 index was up 17.1 points, or 0.24 per cent, to 7,047.4. The broader All Ordinaries was 15.5 points higher at 7,245.3, a 0.21 per cent rise. Retail sales rose 0.2 per cent in August, to be 1.5 per cent higher from a year earlier.

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The West AustralianThe West Australian
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Australian shares rise as retail spending weakens

The ASX was up 0.2 per cent at midday, as the slowdown in consumer spending last month added to the case for the Reserve Bank to keep rates on hold.

·Australia
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PerthNowPerthNow

Australian shares rise as retail spending weakens

The ASX was up 0.2 per cent at midday, as the slowdown in consumer spending last month added to the case for the Reserve Bank to keep rates on hold.

·City of Perth, Australia
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The West Australian broke the news in Australia on Thursday, September 28, 2023.
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